2. Taxes paid for a given income level
Juanita is getting ready to do her taxes. She is single and lives in San Francisco. Juanita earned $100,000 in taxable income in 2015. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2015.
| On Annual Taxable Income... | The Tax Rate Is... |
|---|---|
| (Percent) | |
| Up to $9,225 | 10.0 |
| From $9,225 to $37,450 | 15.0 |
| From $37,450 to $90,750 | 25.0 |
| From $90,750 to $189,300 | 28.0 |
| From $189,300 to $411,500 | 33.0 |
| From $411,500 to $413,200 | 35.0 |
| Over $413,200 | 39.6 |
Based on the IRS table, Juanita calculates that her marginal tax rate is (10%,15%,25%,28%,33%,35%) when her annual taxable income is $100,000.
Juanita calculates that she owes ($16,837.50, $18481.25, $20,148.75, $21,071.25, $28,000) in income taxes for 2015.
Juanita then calculates that her average tax rate is(18%, 21%, 23%, 26%, 28%) , based on the annual income level and the amount of taxes she owes for 2015.
After figuring out what she owes in taxes in 2015, Juanita decides to ask an accountant for tax advice. The accountant claims that he has found a legal way to shelter $2,000 of taxable income from the federal government.
The maximum amount that Juanita is willing to pay to learn this strategy and reduce her taxable income by $2,000 is ($0, $420, $560, $2000) . (Hint: Sheltering some income means finding a legal way to avoid being charged income tax on that income. For example, someone who has $50,000 in taxable income and shelters $10,000 pays income tax on only $40,000.)
In: Economics
> Our perception of the physical world is influenced by our expectations. This general rule of perception extends to people as well. Our evaluations are colored by our past experiences with a person or by other cues like the way they dress. How do you think you would have evaluated the behavior of the characters in this activity if you had initially been told which one had been diagnosed with a mental disorder?
> Summarize the personal issues that Steve Jobs had in his life.
> Using the biopsychosocial model, explain how the factors in Jobs’ life may have contributed to his illness.
> Steve Jobs’ achievements are certainly not representative of the cultural norms. Do these behaviors make him abnormal? Why or why not?
> What is social comparison? How can it help explain the “Groupon phenomenon”?
>What conditions would increase or decrease the likelihood of an individual using the coupon for which she or he had paid, using the Groupon service?
> Have you ever used Groupon? In what ways do you think that Groupon would affect social cognition?
> Researchers from the University of Toronto Scarborough conducted two experiments that looked at the effect of two different types of motivational intervention on prejudice reduction. Summarize the two types of motivational intervention that were used in their experiments.
> If programs focusing on reducing prejudice are actually increasing prejudice, how should the issue of prejudice be addressed?
> Even though researchers now know that reducing prejudice needs to focus on motivational interventions that are more personal in nature, the authors suggest that controlling prejudice reaction practices are tempting. What benefits do controlling motivational interventions have for prejudice programs?
In: Psychology
As companies grow in size, it is inevitable for the shareholders to hire management to run the operations of the business. The entire team of management, starting from the CEO and other top-level management, all the way to the middle and bottom level management are expected to perform towards the growth of the business. Since the shareholders of large companies are scattered across geographies, they appoint certain members as representatives who are elected to represent them on the company board. The board of directors of a company, along with the Chairman, are expected to keep the actions of the management in check. Explain the above in context of agency theory and corporate governance. What can companies do to ensure adequate corporate governance?
In: Finance
As companies grow in size, it is inevitable for the shareholders to hire management to run the operations of the business. The entire team of management, starting from the CEO and other top-level management, all the way to the middle and bottom level management are expected to perform towards the growth of the business. Since the shareholders of large companies are scattered across geographies, they appoint certain members as representatives who are elected to represent them on the company board. The board of directors of a company, along with the Chairman, are expected to keep the actions of the management in check. Explain the above in context of agency theory and corporate governance. What can companies do to ensure adequate corporate governance?
In: Finance
As companies grow in size, it is inevitable for the shareholders to hire management to run the operations of the business. The entire team of management, starting from the CEO and other top-level management, all the way to the middle and bottom level management are expected to perform towards the growth of the business. Since the shareholders of large companies are scattered across geographies, they appoint certain members as representatives who are elected to represent them on the company board. The board of directors of a company, along with the Chairman, are expected to keep the actions of the management in check. Explain the above in context of agency theory and corporate governance. What can companies do to ensure adequate corporate governance?
In: Finance
There is a 0.9968 probability that a female lives through the year. The cost of one year premium is $226. If she dies within the year the policy pays %50,000 in death benefit.
A. State the two events representing possible outcomes
B. Calculate the female's expected gain
450 policies are sold in one year. Let x = # of policyholders who die within the year.
C. Calculate the company's total intake from premiums for one year.
D. If the company is to make a profit, state the possible value(s) of x.
E. Find the probability that company makes a profit.
*Please show work, thank you*
In: Math
Suppose there are three buyers of candy in a market: Tex, Dex, and Rex. The market demand and the individual demands of Tex, Dex, and Rex are shown below.
a. Fill in the table for the missing values.
b. Which buyer demands the least at a price of $5? The most at a price of $7?
c. Which buyer’s quantity demanded increases the most when the price is lowered from $7 to $6?
d. Which direction would the market demand curve shift if Tex withdrew from the market? What if Dex doubled his purchases at each possible price?
e. Suppose that at a price of $6, the total quantity demanded increases from 19 to 38. Is this a “change in the quantity demanded” or a “change in demand”?
|
Price Per Candy |
Individual Quantities Demanded |
Total Quantity Demanded |
|||||
|
Tex |
Dex |
Rex |
|||||
|
$ 8.00 |
3 |
+ |
1 |
+ |
0 |
= |
|
|
$ 7.00 |
8 |
+ |
2 |
+ |
= |
12 |
|
|
$ 6.00 |
+ |
3 |
+ |
4 |
= |
19 |
|
|
$ 5.00 |
17 |
+ |
+ |
6 |
= |
27 |
|
|
$ 4.00 |
23 |
+ |
5 |
+ |
8 |
= |
|
In: Economics
Please read the following paragraph. I would like you to explain the underlined sentences in economic terms
David Speer is chief executive of Illinois Toolworks, which has 60,000 employees worldwide in more than 800 business units and $14 billion in sales. He said an additional burst of fiscal stimulus from Washington might help boost economic growth for a period of months. But that is unlikely to affect his decisions about hiring and expansion, which Speer said are based on expectations for sales over years to come, not just the immediate future.
As long as U.S. consumers remain deeply strained, he is unlikely to undertake aggressive expansion.
More fiscal stimulus "might help make things a little better for a couple of quarters, but I'm not sure it would get at the underlying economic issue," Speer said. "The core question is: How do you get consumers back on their feet. We need growth in a sustainable way, not another Band-Aid."
Nor is it clear that new Fed action, such as steps to try to lower long-term interest rates and encourage investment, would prompt him to expand.
For large companies such as Illinois Tool Works, the price of borrowed money isn't the problem. The company had $1.3 billion in cash on its balance sheet at the end of June, up from $743 million at the end of 2008. Lower interest rates wouldn't make much of a difference, either.
"I could borrow $2 billion tomorrow for 3 1/2 percent," said Speer. "But what am I going to do with it?"
Speer is coming to terms with a new economic reality. After an extended economic boom, the nation is less than three years into the process of working out the excesses of that period.
"It took us a decade to get in the ditch we are in," Speer said. "There isn't going to be instant gratification to get us out of it. We're going to have to get used to a lower growth economy, and that is going to be a big adjustment for all of us."
In: Economics
1.Are men smarter than women at Private Universities in the United States? A study was conducted, randomly selecting 400 men, and 400 women from different Private Universities across the US, and asking for their GPAs. What is the population of this study?
All students enrolled at Private Universities in the world
All students enrolled at Universities in the US
Female students enrolled at Private Universities in the US
All students enrolled at Private Universities in the US
unanswered
2.Match each of the example experiments to the type of experimental design
A study was conducted to determine if rats gain weight after experiencing different levels of exercise. Researchers used 25 rats, for four different levels of exercise, plus a control group. Rats were randomly assigned to each group until there were five rats per group.
Some people try to counteract the presence of alcohol with caffeine in regards to reaction time. To test this, reaction times were measured when subjects were exposed to one of the two levels of alcohol (no alcohol, or yes alcohol), and one of the three different levels of caffeine ( 25 mg, 50 mg, 75 mg).
It is thought that different levels of mercury exposure can decrease activeness in mice. Since some mice might not be as active due to their genetics, the litter from which the mice came from was used in the study as well. Each mouse was exposed to a level of mercury independently and at random.
Select an option A. Factorial Design B. Completely Randomized Design c.Completely Randomized Block Design
3.Which type of bait catches the largest fish? A study was conducted using 3 different baits (worms, corn, and plastic lures), and the average weight of the fish caught was measured. How many treatments are there?
4.Whcih of the following are true about sample statistics? (Choose all that apply)
Are always known
Are never known
Are usually represented by Greek letters
Are calculated from an entire population
Are calculated from a portion of the population
In: Math
Suppose the average yearly salary of an individual whose final degree is a master's is $3333 thousand less than twice that of an individual whose final degree is a bachelor's. Combined, two people with each of these educational attainments earn $117 thousand. Find the average yearly salary of an individual with each of these final degrees.
In: Math